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RC renewal of old cars set to go up 8 times from October, Auto News, ET Auto

RC renewal of old cars set to go up 8 times from October, Auto News, ET Auto
An further payment of INR two hundred shall be levied if the certificate of registration is a clever card style issued or renewed in Kind, the ministry extra.

New Delhi: The Ministry of Road Transportation and Highways (MoRTH) issued a draft notification on Wednesday to hike the renewal payment of 15-12 months-previous cars. In accordance to the ministry, renewal of registration certificates of 15-12 months previous cars will grow to be expensive from October 1, 2021. This will be relevant to all private cars and business cars.

For two-wheelers the rates for registration renewal would be INR 1,000 in contrast to the recent payment of INR 300. In the same way, obtaining a fitness renewal certificate for a 15 12 months-in addition bus or truck the payment would be INR 12,five hundred, which is just about 21 instances much more than what is paid now.

This proposal was issued beneath the Central Motor Automobile (Modification) Policies which states that if a car or truck operator obtains the certificate for scrapping the previous car or truck, then there will be no more payment levied on the registration certificate to buy a new car or truck.

In scenario of hold off in implementing for renewal of certificate of registration, the highway transport ministry even more said, an further payment of INR 300 for hold off of each individual month or section thereof in regard of motor cycles and INR five hundred for hold off of each individual month or section thereof in regard of other lessons of no transport cars shall be levied.

Also, further payment of INR two hundred shall be levied if the certificate of registration is a clever card style issued or renewed in Kind, the ministry extra.

This advancement follows the Automobile Scrappage Plan introduced in the Union Spending budget 2021 which states that it is mandatory to carry out a fitness check of twenty-12 months-previous private cars and 15-12 months-previous business cars.

In February, highway, transport, highways and MSME minister Nitin Gadkari said the plan would protect around 1 crore light, medium and heavy motor cars. “The plan would protect an estimated fifty one lakh light motor cars (LMVs) that are previously mentioned twenty yrs of age, though an additional 34 lakh LMVs are previously mentioned 15 yrs. It would also protect 17 lakh medium and heavy motor cars, which are previously mentioned 15 yrs, and at present devoid of legitimate fitness certificates”.